Business

In a decisive move, the Malaysian High Court has rejected KNM Group Berhad's bid for a restructuring lifeline, spotlighting a series of legal violations and the scheme's lack of viability.

In a decisive move, the Malaysian High Court has rejected KNM Group Berhad's bid for a restructuring lifeline, spotlighting a series of legal violations and the scheme's lack of viability.

YNH Property Bhd faces an embezzlement scandal involving over MYR 20 million in a suspicious joint venture deal. Key personnel are implicated, with regulatory violations and potential tax evasion being exposed.

Discover how the Yu Syndicate, led by brothers Yu Kuan Chon and Yu Kuan Huat, allegedly swindled RM800 million from Rapid Synergy Shareholders through land scams involving Malaysian public companies YNH Property BHD and Rapid Synergy BHD.

Delve into the alleged shady scheme used by the Yu Syndicate, controlled by Yu Kuan Chon and Yu Kuan Huat, to siphon RM1 billion from YNH Property BHD through joint ventures involving 18 dead or frozen projects.

Telecommunications giants Axiata Group and Telenor Asia have completed a landmark merger of their Malaysian wireless operations, creating a new tech leader. The combined entity, MergeCo, promises significant synergies, with pre-tax profits of 5.7 billion ringgit and strong financial prospects. Both parent companies will hold equal 33.1% stakes in the newly formed company.

South Korean exports of teleconferencing equipment and semiconductors have significantly increased as employees worldwide transition to working from home during the pandemic, driven by rising demand from cloud computing firms and remote work trends in the US and China.

Uber co-founder Travis Kalanick announced his resignation from the company's board by December 31, citing a desire to focus on new business and philanthropic endeavors. After selling most of his shares in November, Kalanick reflects on his 10-year journey with the world's largest ride-hailing platform.

Austrian Raiffeisen Bank and Danish Danske Bank face serious money laundering accusations, with approximately $230 billion potentially involved in illegal financial transactions from former Soviet states through their banking networks.